Water Treatment Additives Market Overview
The water treatment additives market size is forecasted to reach US$35.0 billion by 2027, after growing at a CAGR of around 4.1% from 2022 to 2027. The water treatment additives are chemical products added as conditioners that purify the water and improve the quality. The water treatment additives such as corrosion inhibitors, disinfectants, defoamers, coagulants, and others are used in the water purification and treatment applications across various industries. The growing demand of water treatment additives in major end-use industries such as chemical, food and beverage, water and wastewater treatment, and others is creating a drive in the market. Furthermore, the water scarcity concerns will offer major demand in the water treatment additives market and growth opportunities during the forecast period.
The water treatment additives industry was majorly impacted by the global slowdown during the covid-19 outbreak. The water treatment additives have high demand in chemical, oil and gas, and other sectors. The oil and gas industry was majorly impacted and faced major disruption in the pandemic. The factors such as demand and supply gap, closure of oil and gas production and exploration plants, and volatility and oil prices led to a major decline in the growth prospects for oil and gas sector. Moreover, slowdown in production activities, falling demand, and supply chain disturbances impacted the growth in the market. According to the International Energy Association (IEA), the global oil demand stood at 99.9 million barrels per day in 2020, showing a decline of 90,000 barrels per day from 2019. The fall in growth of oil and gas sector led to decline in the application of water treatment additives and demand in the market. Thus, with restricted demand and applications in major end use industries, the water treatment additives market faced major slowdown in the covid-19 outbreak.
The “Water Treatment Additives Market Report– Forecast (2022-2027)” by IndustryARC covers an in-depth analysis of the following segments of the water treatment additives industry.
By Type: Coagulants, Corrosion Inhibitors,
Disinfectants, Dechlorinating Agent, pH Conditioners, Defoamer, and Other
By Form: Solid and Liquid
By Application: Drinking Water Purification, Sewage Systems, Steam Boilers, Cooling Water Systems, and Other
By End Use Industry: Food and Beverage (Whiskey, Juices, and Others), Power Industry, Oil & Gas, Water and Wastewater Treatment Industry, Paper & Pulp, Mining, Chemicals Industry, And Others
By Geography: North America (USA, Canada, and Mexico), Europe (UK, Germany, France, Italy, Netherlands, Spain, Russia, Belgium, and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, and Rest of South America), Middle East (Saudi Arabia, UAE, Israel, Rest of the Middle East) and Africa (South Africa, Nigeria, Rest of Africa)
- The water treatment additives market size will increase owing to its growing application for water and wastewater treatment, drinking water purification, sewage systems treatment, and others during the forecast period.
- The Asia Pacific is the fastest growing region in the water treatment additives industry owing to flourishing emphasis on clean drinking water.
- The demand of coagulants as major water treatment additives is rising due to its application in water treatment and purification in major industries such as oil and gas, chemical, and others.
Figure: Asia Pacific Water Treatment Additives Market Revenue, 2021-2027 (US$ Billion)
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Water Treatment Additives Market Segment Analysis – By Type
By type, the coagulant is the fastest growing segment and is expected to grow with a CAGR of around 5.2% during the forecast period. The growing usage of coagulants for water and wastewater treatment applications, sewage systems, industrial water treatment, and others is offering high demand in the market. The demand of coagulants in water treatment plants is growing owing to its usage in removal of solid waste from the water and oil purification across various end-use industries, majorly oil and gas. Moreover, the growing development in the oil and gas plants across the world is boosting the demand of coagulants for water treatment applications and oil purifications. According to the U.S. Energy Information Administration (EIA), around 1.9 million barrels per day consumption of liquid fuels and petroleum is estimated for 2023 to average 101.5 million barrels per day. Thus, with increasing demand of water treatment additives, majorly coagulants for solid waste removal and purification across major industries, the water treatment additives market will grow rapidly during the forecast period.
Water Treatment Additives Market Segment Analysis – By End-Use Industry
By end-use industry, the water and wastewater treatment segment held the largest water treatment additives market share in 2021, with a share of over 24.0%. The high demand of water treatment additives in the water and wastewater treatment sector is influenced by growing awareness for wastewater recycling, safe drinking water scarcity, and increasing usage of clean water across various industries. The treatment additives such as defoamers, corrosive inhibitors, biocides, coagulants, disinfectants, sodium bicarbonate, and others are widely used in treating the municipal wastewater, sewage water distribution, and others. Moreover, growing wastewater plants set-up across the globe is propelling the growth of water treatment additives. According to the United Nations Water, around 56% of household wastewater flows were treated in the year 2020 globally. Thus, with increasing application of water treatment additives in water and wastewater treatment sector for offering clean and safe drinking water, the global water treatment additives market will grow rapidly during the forecast period.
Water Treatment Additives Market Segment Analysis – By Geography
By geography, the Asia Pacific is the fastest-growing region in the water treatment additives market and is expected to grow with a CAGR of around 5.9% during the forecast period. The high demand of water treatment additives in this region is influenced by its growing demand for water purification, and treatment procedures across various end-use industries such as wastewater, oil and gas, chemical, and others. Furthermore, the rise in demand of water treatment additives in the chemical processing sector is propelling the growth in the market. According to the European Chemical Industry Council (CEFIC), the chemical output growth in China accounted for 2.9% in 2020. Moreover, the development in the wastewater treatment and clean drinking water projects in APAC region is boosting the demand of water treatment additives. Thus, with a flourishing emphasis on water purification and treatment applications across major industries such as chemical, oil & gas, power, and others, the water treatment additives industry will grow rapidly during the forecast period.
Water Treatment Additives Market– Drivers
Favorable regulations for water and wastewater treatment
The water scarcity and limited availability of purified water is accelerating the growth of water treatment additives. The requirement of clean water across various end-use industries is influencing the growth of water treatment chemicals and additives. The strict regulations by government to recycle the wastewater and treat contaminated water is offering a major drive in the market, thereby boosting the application of water treatment chemicals and additives such as chlorine dioxide, algicide, biocides, disinfectants, and others. According to the Organization for Economic Co-Operation and Development (OECD), around 92.86% of the public in Australia is connected to a wastewater treatment in 2020. Thus, with increasing concerns for the treatment of water and wastewater, the water treatment additives industry is experiencing major growth.
High demand in the oil and gas sector
The water treatment additives such as chlorine dioxide, coagulants, corrosion inhibitors, disinfectants, and others have major demand in the oil and gas sector. The petroleum refineries use water and steam for various processes such as FCC, cooling towers, steam generators, and others. The rising scarcity of clean water in oil and gas is propelling the demand for water treatment additives. Furthermore, the demand of water and wastewater treatment in onshore as well as offshore sector is riding. According to the India Brand Equity Foundation (IBEF), the oil demand in India is expected to reach 11 million barrels per day by the year 2045. Thus, with major application and flourishing demand or water treatment additives and chemicals in oil and gas sector, the water treatment additives market is experiencing a major growth.
Water Treatment Additives Market– Challenges
Hazardous nature of water treatment additives and alternate treatment technologies
The water treatment additives have a growing demand for treatment of the water and purification systems. However, the health hazards associated with various additives and chemicals such as chlorine dioxide, biocides, and others is offering a major challenge in the market. The risks of health hazards such as respiratory system irritation, skin issues, nervous system complications, gastrointestinal tract issues, and other creates a hamper. Moreover, the availability of alternative water treatment technologies such as RO filtration, UV disinfection, and others creates challenge in the market. Thus, with regulations on the hazardous water treatment chemicals and availability of eco-friendly alternatives is leading to slowdown and restricted growth for the water treatment additives industry.
Water Treatment Additives Industry Outlook
The water treatment additives top 10 companies include:
1. BASF SE
2. Kemira OYJ
3. Aqua Tech International
4. TG Water Additives LLC
5. RX Marine International
6. Suez S.A.
7. Solenis LLC
8. Ecolab Inc.
9. 3M Purification
10. GE Water & Process Technologies
- In November 2021, the Platinum Equity completed the acquisition of Solenis LLC, a leading water treatment chemical company. Thus, this acquisition will provide growth and diverse portfolio in the water treatment additives industry.
- In October 2021, the Usalco, LLC, a leading producer of water treatment chemicals announced the acquisition of the water treatment business of Altivia for municipal and wastewater and industrial applications. This acquisition expanded the coagulant product offering in the market.
- In June 2021, the Kemira announced two major investments for expanding the capacity of water treatment chemicals at Yangzhou site in China for serving growth in the water treatment in the Asia Pacific region.
Report Code: CMR 1157
Report Code: AIR 0065
Report Code: CMR 85395
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